Oxford Finance Provides Debt Facility to JAG Healthcare
Oxford Finance announced that it closed a $13 million senior secured term loan and a $1.5 million revolving line of credit with JAG Healthcare. Proceeds of the loan are being used to acquire six skilled nursing facilities in Ohio, and also as working capital to support these entities.
“JAG Healthcare is highly regarded for the care it provides to its residents and has an established reputation for its specialization in behavioral health issues,” said Christopher A. Herr, managing director for Oxford Finance. “We are pleased to provide capital to support JAG Healthcare’s seasoned management team and the ongoing operation of its skilled nursing facilities.”
“We are proud to be one of the premier providers of long term care in Ohio,” said James Griffiths, chief executive officer of JAG Healthcare. “Our operational success is grounded in the depth and expertise of our associates, and our survey record with the Ohio Department of Health is unmatched by any other multi-unit operator in Ohio.”
JAG Healthcare finds underperforming facilities in Ohio and uses the experience of its operations and clinical team to assess and implement changes that improve the delivery of healthcare to residents.